Arkansas Constitution
Article 12 - Municipal and Private Corporations
Section 5 - Political subdivisions not to become stockholders in or lend credit to private corporations
Universal Citation: AR Const art 12 § 5
No county, city, town or other municipal corporation, shall become a stockholder in any company, association, or corporation; or obtain or appropriate money for, or loan its credit to, any corporation, association, institution or individual.
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